financetom
Business
financetom
/
Business
/
Disney, DirecTV reach deal that restores programming to 11 million satellite TV subscribers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Disney, DirecTV reach deal that restores programming to 11 million satellite TV subscribers
Sep 14, 2024 6:42 AM

(Reuters) -Walt Disney ( DIS ) and DirecTV announced they have reached an agreement in principle on Saturday, restoring college football and other programming to the satellite TV provider's more than 11 million subscribers.

The deal affords satellite TV subscribers greater choice and flexibility, the companies said in a joint statement. DirecTV customers had lost access to ABC, ESPN ( DIS ) and other Disney ( DIS )-owned networks on Sept. 1, after the two sides reached an impasse in renewal talks.

DirecTV will be able to offer multiple genre-specific programming packages, including those focused on sports, entertainment, kids and family programming.

Disney's ( DIS ) streaming services, Disney+, Hulu and ESPN+, will also be included in certain DirecTV's packages.

"DirecTV and Disney ( DIS ) have a long-standing history of connecting consumers to the best entertainment, and this agreement furthers that commitment by recognizing both the tremendous value of Disney's ( DIS ) content and the evolving preferences of DIRECTV's customers," the companies said in a statement.

The dispute resulted in DirecTV subscribers losing access to coveted programming, including ESPN's ( DIS ) carriage of college football games and the U.S. Open tennis tournament. DirecTV subscribers also were unable to watch the ABC News-hosted U.S. presidential debate between Vice President Kamala Harris and Republican candidate Donald Trump on the ABC broadcast network.

Vince Torres, DirecTV's chief marketing officer, said the programming blackout was costing the satellite TV service subscribers, in remarks Thursday at the Goldman Sachs Communacopia + Technology Conference in San Francisco.

Disney ( DIS ) and DirecTV came to an agreement ahead of Sunday's broadcast of the Emmy Awards on ABC, in which the media giant appears poised for historic gains, on the strength of three of the most-nominated series of the year, "Shogun," "The Bear" and "Only Murders in the Building."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved